Patient Temperature Monitoring Market by Product (Wearable, Digital, Smart, Continuous, Infrared), Site (Axillary, Oral,Tympanic, Invasive), Application (Fever, Anesthesia, Hypothermia), End User (Hospitals, Home Care, ASCs)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Patient Temperature Monitoring market size was estimated at USD 3.8 billion in 2022 and is expected to surpass around USD 8.9 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 11.4% during the forecast period 2022 to 2030. Growth in this market is mostly driven by the rising incidence of infectious diseases coupled with increasing geriatric and pediatirc population along with growing demand for advanced temperature monitoring devices.

Report Scope of the Patient Temperature Monitoring Market

 COVID-19 Impact

The emergence of the COVID-19 pandemic has changed the delivery of medical care across the world. The global outbreak of coronavirus disease (COVID-19) represents one of the key factors positively influencing the demand for patient temperature monitoring devices around the world to provide early warnings of fever and infection. Due to the pandemic, the patient temperature monitoring market experienced an all-time high growth, which can be attributed to the rise in infectious conditions, such as COVID-19, Mucor mycosis infections, pneumonia, and other related diseases. This in turn caused an increase in need for non-contact thermometers, as the use of infrared (IR) thermometers and other non-contact thermometers which were exceptionally useful for identifying the new cases of an outbreak caused by the virus.

The COVID-19 pandemic is providing immense opportunities for patient temperature monitoring devices, considering that social distancing is the only existing solution developed so far, which is capable of minimizing exposure. In line with this, patient tempearute monitoring products represents an attractive, effective, and affordable option. Moreover, these products is of critical importance in keeping healthcare providers safe.

Market Dynamics

Driver:

Population in the world is presently growing at a fast rate of around 1.03% every year. Population growth is correlated with a striking increase in human density in an area, encouraging the spread of infectious diseases and viruses. Currently (as of 2021), SARS-COVID, tuberculosis (TB), malaria, pneumonia, dengue, HIV, and whooping cough are the most widespread infectious diseases and viruses in the world and are expected to increase across the globe. The geriatric and pediatric populations are most prone to such infections. These infectious diseases are accompanied by characteristic changes in body temperature. As a result, the timely monitoring of temperature can result in the efficient diagnosis and treatment of these diseases.

Opportunity:

Emerging markets in countries such as India, Brazil, and Mexico are projected to offer significant growth opportunities for players operating in the patient temperature monitoring market. To meet the increasing demand for temperature monitoring in emerging markets, several manufacturers are focusing on strategic acquisitions and agreements/partnerships with regional/domestic players for product distribution and manufacturing. Also, the increasing competition in mature markets will compel manufacturers to shift their focus on emerging markets across the Asia Pacific and Latin America region.

Restraint:

The lack of awareness among doctors and healthcare practitioners about advancements that are incorporated by manufacturers, coupled with a dearth of trained and experienced personnel who can effectively operate and process these devices, are the major factors limiting their adoption.

Challenge:

In rectal temperature monitoring, a temperature catheter is inserted through the anus several centimeters into the rectum to achieve minimally invasive core temperature monitoring. Factors such as the extended time period of monitoring, associated privacy concerns, the high risk of intestinal damage, and the presence of feces preventing the thermometer from touching the wall of the bowel may discourage the use of these device.

The patient temperature monitoring market is highly consolidated. The top players in this market are Cardinal Health Inc. (US), 3M (US), Koninklijke Philips N.V. (Netherlands), Drägerwerk (Germany), and Hill-Rom Holdings, Inc. (US). These players lead the market because of their extensive product portfolios and a wide geographic presence.

“In 2021, handheld temperature monitoring devices segment accounted for the largest share of the patient temperature monitoring market, by product.”

The market is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. In 2021, the handheld temperature monitoring devices segment accounted for the largest share of the market. The large share of this segment can be attributed to non-invasive and non-traumatic in nature, are hygienic, as well as offer an easy and reliable interpretation of temperature readings.

“In 2021, non-invasive temperature monitoring segment accounted for the largest share in the market, by site.”

The patient temperature monitoring market has been segmented into invasive and non-invasive temperature monitoring. In 2021, the non-invasive temperature monitoring segment accounted for the largest share of the temperature monitoring market. Factors such as more accessible, accurate, comfortable, and easier temperature monitoring is driving the growth of the market.

“In 2021, pyrexia/fever segment accounted for the largest share in the market, by application.”

The patient temperature monitoring market has been segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications. In 2021, the pyrexia/fever segment accounted for the largest share of the temperature monitoring market. Growing geriatric population and increasing number of trauma and hemolysis cases is driving the growth of this segment.

“In 2021, hospitals segment accounted for the largest share in the market, by end users.”

The patient temperature monitoring market has been segmented into hospitals, nursing facilities, home care settings, ambulatory care centers, and other end users. In 2021, hospitals are estimated to be the largest end users of the market. The large share of this segment can be attributed to the high and growing prevalence of infectious diseases and viruses and growing keenness for non-invasive monitoring.

“North America is the largest regional market for patient temperature monitoring.”

The global patient temperature monitoring market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the market. The North American market growth can be attributed to the large volume of surgical procedures performed and growth in blood donation and transfusion.

Some of the prominent players in the Patient Temperature Monitoring Market include:

Cardinal Health Inc. (US), 3M (US), Koninklijke Philips N.V. (Netherlands), Drägerwerk (Germany), Hill-Rom Holdings, Inc. (US), Becton, Dickinson and Company (US), Omron Healthcare Inc. (Japan), Masimo Corporation (US), Braun GmbH (Germany), Terumo Corporation (Japan), Paul Hartmann AG (Germany), Beurer GmbH (Germany), Microlife (Taiwan), Omega Engineering (US), iHealth (US), Briggs Healthcare (US), DeltaTrak Inc. (US), Exergen Corporation (US), Medisana GmbH (Germany), Geratherm Medical Ag (Germany), American Diagnostic Corporation (US), Nureca (India), A&D Medical (US), Actherm, Inc. (China), Cosinuss GmbH (Germany), Vandelay (SFT Technologies India Pvt Ltd) (India), Kinsa (US), Easytem Co., Ltd.(South Korea), Hicks Thermometers India Limited (India), and Sanomedics, Inc. (US).

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Patient Temperature Monitoring market

By Product

• Wearable Continuous Monitoring Sensors
• Smart Temperature Monitoring Patches
• Table-Top Temperature Monitoring Devices
• Non-invasive Vital Signs Monitoring Devices
• Continuous Core Body Temperature Monitoring Devices
• Handheld Temperature Monitoring Devices
• Digital Thermometers
• Infrared Thermometers
• Mercury Thermometers
• Invasive Temperature Monitoring Devices

By Site

• Noninvasive Temperature Monitoring
• Axillary and Temporal Artery Temperature Monitoring
• Tympanic Membrane Temperature Monitoring
• Oral Temperature Monitoring
• Invasive Temperature Monitoring
• Esophageal Temperature Monitoring
• Urinary Bladder Temperature Monitoring
• Nasopharynx Temperature Monitoring
• Rectal Temperature Monitoring

By Application

• Pyrexia/Fever
• Hypothermia
• Anesthesia
• Blood Transfusion
• Other Applications

By End User

• Hospitals
• Operating Rooms
• Emergency Rooms
• Intensive Care Units
• Home Care Settings
• Nursing Facilities
• Ambulatory Care Centers
• Other End Users

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Patient Temperature Monitoring Market Study:

• Growth of Patient Temperature Monitoring in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Patient Temperature Monitoring and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Patient Temperature Monitoring Consumption Analysis
•  Patient Temperature Monitoring Production Analysis
•  Patient Temperature Monitoring and Management